First Bank of Nigeria Limited, Guaranty Trust Bank Plc, Zenith Bank Plc and United Bank for Africa have been named among the world’s top 500 banks. A new study conducted by the United Kingdom-based The Banker Magazine gave this verdict.

The 2016 The Banker and Brand Finance Top 500 Banking Brands report showed that First Bank retained its number one banking brand ranking in Nigeria for the fifth consecutive year.

First Bank moved up the scale by 16 places, rising from 336th position in 2015 to 320th this year.

The ranking was published in the February edition of The Banker magazine of the Financial Times Group in conjunction with London-based Brand Finance.

While GTB moved to 389 in the world from 417 in 2015, Zenith Bank dropped from 388 in 2015 to 392 in 2016.

UBA returned to the ranking in 447, while Access Bank Plc dropped from the 2016 ranking. Access Bank was ranked 496 in 2015.

A statement by the Country Representative of The Banker magazine in Nigeria, Mr. Kunle Ogedengbe, noted that First Bank’s brand value increased to $322m in 2016 from $300m in 2015 while that of GTB also increased to $243m from $213m.

A brand value is the licensing rate that a third-party would need to pay to use the bank’s brand.

The 2016 brand value of Zenith Bank increased to $238m from $235 in 2015 while UBA that made a return to the ranking since 2012 has a brand value of $198m. UBA’s brand value in 2012 was $121m.

According to The Banker magazine, of the five countries in Africa that made the ranking, Nigeria has the highest brand value increase of $249m.

Egypt moved up by $239m; Togo gained $134m while South Africa and Morocco lost $878mn and $213m respectively.

Source - http://www.punchng.com/four-nigerian-banks-among-worlds-top-500-banks/


Cc lalasticlala

At least apart from robbing Nigerians in Kobo there must be something they are doing right. Especially that thieving UBA

See pictures.

http://gossipatrol..com.ng/2016/02/four-nigerian-banks-among-world-top-500.html

Less than 48 hours after joining Zenith, na so dey remove #100 without any transaction, I guess they welcomed me with that deduction.


All the same congrats to them

Naija is going places. We shall reach there.

PMB is working through Emefiele. PMB must reset this country by fire by force, whether wailers want it or not.




Meanwhile,

I prefer to do business with Wema, Keystone, Unity bank, where i will be treated like a King and not all these First, GTB, Zenith, UBA bank, where i will be treated like a palace guard.

Nigeria ga adi nma ozo.

How many banks are there in the world?

I guess we have to read the full article to understand what they are doing right
Especially when we the local customers are not "feeling" them as much.

I know GTB and First Bank will be there.









But Ole lawon people yen sha

OK...

Nigerian banks are doing great no doubt about that.

Good development for them. Been banking with First Bank for 16 years now and FCMB,for about 2 years. Apart from the crowd issue at first bank and their occasional network problem,I think they're good to go. At least,you can put your little coins there and be rest assured that the bank won't fold up. FCMB on the other hand,allows me transfer funds with a flat rate of 100 Naira,as compared to First bank's 3000 Naira per every 1million. That's pretty attractive. #team First bank Nigeria and First city monument bank.

#teamGTB....

No doubt these are the banks that have distinguished themselve in the banking sector.Kudos to them.Happy new month nairalanders!

.

my bank fall my hand F C M B

Proudly banking with the 2 best aforementioned banks

HNM NL!!!

PushMusic:
Nigerian banks are doing great no doubt about that.

I want to believe it was because of the shake up of financial industry back then by Sanusi

crusufixo:



I want to believe it was because of the shake up of financial industry back then by Sanusi

It's simply because there is so much money in the system.

I still hate UBA

Destined2win:
Less than 48 hours after joining Zenith, na so dey remove #100 without any transaction, I guess they welcomed me with that deduction.


All the same congrats to them

Complain to your President. He promised #5000 monthly for the unemployed. He asked bank to take #50 per transaction. If you manage 5 transactions per day, in 1 month, you will have given back the #5000 assuming you get paid in the first place.

sha No Ecobank. I talk am. Ecobank with ancient computers and workers

good to note despite the economic climate

crusufixo:



I want to believe it was because of the shake up of financial industry back then by Sanusi

Soludo's consolidation

There is no more Guaranty Trust Bank. Its now GTB. Take note

GTb I know you'll make us proud.

grandstar:
There is no more Guaranty Trust Bank. Its now GTB. Take note

wetin d GTB mean ? eh, ITK.

lonelydora:
PMB is working through Emefiele. PMB must reset this country by fire by force, whether wailers want it or not.




Meanwhile,

I prefer to do business with Wema, Keystone, Unity bank, where i will be treated like a King and not all these First, GTB, Zenith, UBA bank, where i will be treated like a palace guard.

At 306 to $1, the economy is close to being finished. Buhari snd Emefiele's case is the proverbial blind leading theblind. The economy has now entered the pit.

The naira will touch 400 before year end

l still prefer my fidelity bank.

sunnyuche1:


wetin d GTB mean ? eh, ITK.

It actually means a lot.

For instance there was formally British Petroleum. Now they are simply called BP. In corporate circles, its a big thing